Bank of New York Mellon Corp Purchases 4,279 Shares of Dynatrace, Inc. (NYSE:DT)

Bank of New York Mellon Corp grew its position in shares of Dynatrace, Inc. (NYSE:DT) by 0.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,651,319 shares of the company’s stock after acquiring an additional 4,279 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dynatrace were worth $144,099,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DT. Nisa Investment Advisors LLC lifted its stake in shares of Dynatrace by 271.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 725 shares of the company’s stock valued at $39,000 after acquiring an additional 530 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Dynatrace during the 3rd quarter valued at about $52,000. UMB Bank n.a. increased its holdings in Dynatrace by 75.3% during the 4th quarter. UMB Bank n.a. now owns 1,259 shares of the company’s stock valued at $68,000 after purchasing an additional 541 shares during the period. First Horizon Advisors Inc. increased its holdings in Dynatrace by 53.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,510 shares of the company’s stock valued at $81,000 after purchasing an additional 527 shares during the period. Finally, Financial Life Planners purchased a new position in Dynatrace during the 4th quarter valued at about $83,000. Institutional investors own 94.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DT shares. Royal Bank of Canada boosted their price target on Dynatrace from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, January 31st. UBS Group upped their target price on Dynatrace from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. BMO Capital Markets upped their target price on Dynatrace from $53.00 to $61.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Truist Financial upped their target price on Dynatrace from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $57.00 target price on shares of Dynatrace in a report on Thursday, February 6th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.25.

Dynatrace Trading Down 0.1 %

Shares of NYSE:DT opened at $57.26 on Friday. Dynatrace, Inc. has a 12-month low of $39.42 and a 12-month high of $63.00. The company has a market capitalization of $17.14 billion, a PE ratio of 35.79, a PEG ratio of 7.05 and a beta of 1.04. The business has a 50 day moving average of $56.46 and a two-hundred day moving average of $54.27.

Insider Transactions at Dynatrace

In other news, Director Stephen J. Lifshatz sold 2,500 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $60.88, for a total transaction of $152,200.00. Following the completion of the sale, the director now owns 36,471 shares of the company’s stock, valued at $2,220,354.48. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bernd Greifeneder sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $57.83, for a total transaction of $2,891,500.00. Following the sale, the executive vice president now directly owns 1,007,038 shares of the company’s stock, valued at $58,237,007.54. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,459 shares of company stock valued at $10,052,682 in the last three months. 0.59% of the stock is currently owned by company insiders.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.